The URL can be used to link to this page

Home My WebLink About2965 + 3. To plac~ and continuou~ly keep on ~he bui!d~ngs ~ow a hereafter ~~tuate on said land and on all equ~p~nent and personaily covered by this mat~ p~, with aIl premiums thereon pa~d in (ull, fire imurance in ~he usual sundard policy (orm, in ~ sum app~oved by ths MORTGAGEE, and winds?o~m ~~w~a~c~ in M» uswl s~andard polky form, in a sum approved by the MORTGAGEE, in wch company or canpsniei af the MORTGAGEE m~y dir~ttt ~nd all fir~ ar.d w~ndstorm insuroncs poiiciei oo •ny of said build~nys. ~ny intereit therein or part thercol, in Ihe ag9~e9+~e sum ~faesa~d a In ~aceu ~herwf, shall conta~n th~ usual standard mwige9e~ dause w such a~her cl~use a 1he Mortyayes may requ~re, ma?inp the loss undr~ aa~d poti- c~e~, each ~nd svery, payabte to said MORiGAGEE ai i~~ inte~ett moy appear. and e+ch ~nd avery tuch policy shall be pra~pNY +u 9ncd and delivered to any held by said MORTGAGEE a~ furlhe~ seturity to said matgage debt, and, not less than ten (l0) dayt in advaixe of the expirat~on of each potity, to d~- 's IivN to taid MORTGAGEE a raxwal thersof, toge?ha~ witA a receipt fw Ihe premium of such renewal; and thera shall be no f~re or winds~orm i~+sur~nte pl~ced on any oi ssid building~, any interc~t therein or pa~t thereof, untess in ~M form and with ~he los~ payable as aforesa~d; and i~ the event any ium of mon~y becomes payable unde~ such policy o~ pol~cies said MORTGAGEE ahall Mve the opt~on to rece~~e and apply the same on accounl o! the indabted- neu usured hereby w to permi~ sa~d MORTGAGORS to receive and us~ it or any part ~hereof for othcr pwposes, w~~hou~ rh_~cu~ warvi~~g or u~~pa~r- iny ~ny equity, lien or right unde~ or by vi~tue of this mortga9e; and i~ ths event wid MORTGAGORS shall for any teason fail to keep ~he said premitrs so insu~ed, ot tail ro detiver promptty ~ny of said policies of insvrsnce ~o faid MURTGAGEE, or fait promptly to pay fully any pre~niu~o therefw or i~ any respect feil b perfwm, discharge, execute, e1(ect, canpie~e, comply with and ~bids by thii covenanl, a any par/ he~eof, said MORiGAGEE may place and ~ pay fw ~uth insurante or any part thereof without waiving ot affectinp any optan, lien, equ~ty, ot right under or by virtue of this Matgage, •nd thc lull amouM of exh and every such payment ~hall be immcdiately due and payable and shall bear inte~est from the date thereot un~il paid a~ the raie ol nine pe~ centum per annum and fo~ether with such interest shali be sec~red by tha lien of th+s mortgage. t. To permit, commit w suffer no wasts, impairment d deterio?ation of said property w any parl the~eof. S. To pay •R a~d sir~vlar fhe tosls, chargea +~d e:penses, including a reasonable attorney i fee and costs of sbs~roct: of title, incurred or paid at eny time by said MORTGAGEE, becaus~ or in the event of the failure on the part of the said MORTGAGOR 1o duly, promptly and fully perform, d~uharge, l7cKV1Q~ ~ffect, complete, comply with and ab:de by each snd every the stipulat~ons, agr~emenn, conditions, ~nd cove~ants o( sa~d promiswry note and ~h~s ~ ma~yage any w ei~her, ar.d aa~d cosn, cMr9d and expenses, cach end every, shall be immediatety dve and payabte; wheHxr w not there be notrce d~ mand, attempt to rnlkd w suit pend~ng; and tM full artw~M oi each and eve~y such paymem shall kxar iroerest irom the date the~eof until paid at the rate o( nine per centum per an~~um; and alI said costs, charges and expenses ~nturred a paid, togelFxr with such i~tcrest, shall be setured by the lie~ ot thi~ mort~a~~. 6. ihst (a) in the e~ren? of sny brcac#~ ol ~his Moregag~ o~ d~iwlt on tM part of she MORiGAGOR. or (b~ in the a~ent any of utd :ums of money herein'?efer*ed"tv'bFnot prornpfip a~d-fv8p-p+id w~~h«i?-~Iwriy~-{Zp3 d+y~-wa: ~tall~bCt~dut_3nd~RAY3b14._lKl~?~v~ demand a notice, or in the event each snd every the stipulations, agreemants, condit~ons and covenants of sa:d promissory note and th~s rtwrtgage any or e~?her are not iuly, promptly and fully performed, d+scharged, executed, eifected, completed, compl~ed with and abided Sy, Ihen in either w any svch event the said ag gregate sum mentaned in said promisswy note then remai~ing unpaid, with interest accrued, and all moneys secured he~eby, shall beca++e due and pay- eble forthwith, a~hereafter, at the optior~ of said MORTGAGEE, as tully and completely as if all of thc aaid sums of money were or~ginslly st~pulated to be paid on such day, anything in sa~d promiuay note or in this Mortgage to the contrary notwithsta~ding; and thereupon w thereafter at the optio~ of said MORTGAGEE, without notite or demand, svit at law w in equity, therefwe w thereaiter begun, may be prosecuted as if all moneys secured hereby had matured pnor to its instifution. 7. That in the event that at the beginntng of or at any time Fending any suit upon this Mortgage, a to fweclose it, or to refwm it, or to enfores payment of any clai~Fu~eunder, said MORTGAGEE shall apply fo the Coun having ju~isdidio~ thereof for the appointmenl of s Receiver, such Court shall fwthwith sppoint a r rver of said mortgaged property aIl and singular, inctud~ng all and singular the income, prof~ts, issues and revenues from whatever wurce derived, each a ~ery o~ wh~ch, it being expressly understood, is hareby morlgsgcd as if spet~liully set fonh and dexribed in the granting and habendum dauses hereof, and'svch Reteiver shall have aH the broed and effeuive funct~ons and-powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an ad~n~fted equ~ty and a matter of absolute right, to said MORTGAGEE, and wi~hout refarence to the adequaq or inadequacy of the value of the properry mor~gaged o~ to the soarency w~nsolvency of sa~d MORTGAGOR a the defendants, a~d that such renfs, profits, income, issues and revenues shall be applied by suth Receiver actoidng to ths lien or equity of said MORTGAGEE and the practice of sucfi Court. • 8. To duly, promptly snd fully pe?form, discharge, execute, effcct, complete, comply with and abide by each and every the stipvlations, agreements, condit:ons and covenants in sa~d promisswy note and this mwtgage set fwth. 9. That in the event the ownership of the mortgsged premixs, w any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successas and auigns, may, without notice to the MORTGAOR, deal with such succeuor a succeasor in interest with reference to this mortgsge and the d:b~ hereby secured in the same manner as with Mortgagor without in any way vitiating or diuharging the Mortgagors' liability hare- ; under w upon the debt hereby secured. No saie oF tFie premises hereby mwtgaged and no forbearance on the part of the MORiGAGEE w its successws or assigns and no exte~sion of the time (w the payment of the debt hereby secured given by ~Fx MORTGAGEE o. its successors w auegns, a~wlt operate io reiease, disctwrge, modify change or e(lect iix originai tiaoil~ly o( Iix /~ORiGAGaR here+n, either in whole or in pari. 10. It is specif~catly agreed that time is of the essence of th~s contract and that no waiver of any obligation hereunder w of the obligaYwn sr cured hereby shall at any time thereafter be held to be a waiver ef the terms Fxreof or of the instrument secured herby. 11. In add~tion to the fwego:ng monthfy payments of princ pal and interest requ~red by the promissory r.ote secured hereby, mortgagar covenants and agrees to pay to mortgagee with each moothfy payment an add~rional sum estimated by mortgagee fo be equal to 1/12 of the annual cost of the follow- ing: ~ A-AIF real property taxes levied ar assessed against the above described real estate. B-Premiums on fire and wi~dstorm insurar.ce as herein requ;red to be carried on the improveme~ts situate on the above described premises. ~ C-Premiums on s~ch mortgage guaranty ir.surance as mortgagee shall from t~me to tirne deem fit to carry on the loan secured hereby. j Mortgagee shail from te:ne fo time notify mwtgagor in writing of tl~e amount due and payable hereunder and such sum shall thereupon be due and € ~.ayable on the due date of the next monthiy payment and each successive monfh thereaiter ur,til mortgagee shall notify mortgagor of a change in such ~ a~,ount. 5uch sums shaii be apptied by mortgagee toward the payment of reat prape?ry laxes, i*nwersce prem~vm~, a+~d matgage gua*aniy -i~wr~sce ~ premiums. : R IN WItNE55 Y~HEREOF, the ssid MORTGAGOR has hereunto set his hand and seal fhe day a year first aforesaid. ~ ~ 5~ ned, Ses~ and delivered in t~ oi: / a~ ~ - / J' s R. Msley cs~an ~ ~ a4 ~ ~8I' ti K81@ ~a~ ~ STATE OF FLORIDA ST . I~1CIE ~ couNn oF Before me penonally appeared James _R. l'~3189 a~ ~8I'Q82'@t ~IIl@y his wife, to me well known and known t0 me to be ~ the individuals aesuibed in and who executed the fwegoing instrument, and atknowtedged before me that they executed the same foe~ht:p4i~pses ~ fherlin !x resud• And the aa:-~ ~!'g82'@ti H81@31 ~ N1~~It,l~~ylf': ~ ~ p James R. Mal ~ 4~.'~~ 'z ,N~fe of the said ~ ~PO~~~~i~vf;l'~~~:' ; examination by me taken separate and apart from her said husband,~w d to and before me that she executed said inltroTngot fr~l~ and•yoi~p4: ~ rarily and without any compulsan, constraint, apprehension, or fesr of w irom he~ said husband. ' - ~~c; SA emb9l' - % ~ ' Sr : ~ WITNESS my hand and official seal this a~ day of ~ A. D. 19~'= ; " ~ .n• . . - Nmary Public in and fw fhe Stafe dF, a,{t ~e~, :~s ~ My Commiuion expires: ' ~ ~ ;:4 Retwn To: 7~ ~ t - ~ ' 7 ' ~ : Fint Federa) Savings a Loan Association L~ f'- ~ J~ ~,7 ~ Of Fort P~e:ce. ~ ~ ~ i ~ Fort Pierce, Ftorida ~ S~Li 0 ~Y? ~EC^ ~EO RO ~~~~IthTt F~. i ~ o ~'~~iRAS ~ : c E K i ~:R= This Instrument Prepared By E. BrAUTi °FCn:< f'~E~ C?URt ~ ~ First Federal Savings & Loan Association c,,_ ` , of Fort Pierce ~ Florida 15 ' s4 ~ ~73 = ~ Checked B; ~ OR ~ 600K~1~ PAGE~6~ ~~E~~3 . ~ ; _ _ _ _ - - - - - ~ ~ ~ : ~ _ ~~,4 b